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laelchris
New Member

I cashed in an regular annuity to put into my son's college choice college fund. Can any of that be deducted off of my taxes (income)?

 
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MichaelL1
Level 15

I cashed in an regular annuity to put into my son's college choice college fund. Can any of that be deducted off of my taxes (income)?

If it is in a State 529 Plan you might be able to get a State tax deduction for some of it.

No Federal deduction however.

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1 Reply
MichaelL1
Level 15

I cashed in an regular annuity to put into my son's college choice college fund. Can any of that be deducted off of my taxes (income)?

If it is in a State 529 Plan you might be able to get a State tax deduction for some of it.

No Federal deduction however.

View solution in original post

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